Brothers, something big has happened! Just today, the top institution in the crypto world, Matrixport, released a heavyweight analysis, giving the market a chilling bucket of ice water! They slammed the table and shouted: The 'lifeline' of Bitcoin—$112,000 key support level, has been completely smashed!
This is no joke; the technical analysts all know that once this position breaks, the space below is hard to predict, and panic sentiment has already begun to spread!
The most explosive news has arrived! Matrixport directly pointed out: The market is currently expecting the Federal Reserve to cut interest rates at least twice this year, with the first one likely happening next month! Sounds like good news, right?
But institutional bigwigs changed their tune: Don't celebrate too early! It's precisely because the expectation of interest rate cuts has already been 'priced in' in advance that if a cut actually happens in September, it might just be 'good news turning bad'! Moreover, as long as economic data and market sentiment do not show substantial improvement, Bitcoin and other risk assets will have to continue 'playing the fool'—weak, volatile, and may even continue to explore lower levels! This cold water from institutions is quite sobering!
In my view, this wave of decline is primarily the main players taking the opportunity to wash the market! Using the 'August curse' and macro uncertainties to create panic crazily, shaking out all the weak hands. Historical experience tells us that when retail investors panic and cut losses, it often presents a great opportunity for large institutions to secretly buy in! Although Matrixport's tone is cautious, it also indirectly reminds us: September is a critical juncture, and when the interest rate cut materializes, it may be the day the market chooses its direction!